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Community Health to Nominate Directors for Tenet Board

Community Health Systems Inc. said it plans to nominate directors for election to Tenet Healthcare Corp.'s board, signaling the start of a proxy fight as Community continues to try to buy Tenet.

The plan to announce a slate of directors at the next Tenet annual meeting—which hasn't yet been scheduled—comes after Tenet rebuffed a $3.3 billion unsolicited bid last week from its bigger rival. If a deal were reached, it would create the country's biggest hospital operator as measured by number of facilities. The recent bid was...